Conference 7.286::digital

    
    
    PLease tell me that this won't affect out ability to sell the shares we
    bought this morning.......  :-(
    
    
    

    Re:  .0, wonder if we have same friend?  :^)  I got mail on Internet
    from an ex-DECie with the news off of Reuter News Service that Digital
    stock had suspended trading temporarily...  I just $Quo <return> and
    found that DEC stock was trading...  not sure what the problem was...
    seems there is rumour that Q4 numbers may the stuff of a B graded
    horror movie...  I stress that that is RUMOUR, and off the outside
    rumour mill...
    In any event:
    
    DEC 21 3/8, change -0 3/4; DJIA 3743.60, change -14.77 at 13:20.
    Report entered at Wed Jun  1 13:28:46 1994.
    
    FWIW  

    
    according to Fidelity stock quote, Digital stock is trading
    and at 3:40 it was at 21 3/8 down 3/4 with 2,625,700 shares
    traded.
    
    market was up 7.69 at 3,766.06.

    that's 2,625,700 shares traded *on the exchange* (let's hope), not
    Digital shares!

    >that's 2,625,700 shares traded *on the exchange* (let's hope), not
    >Digital shares!
    
    It's probably Digital shares.  In the last ten days, we've already had
    one day where more than a million shares were traded, and today is the
    day that many people buy and immediately sell stock they purchase
    through the ESPP.  I'd say 2.6 million shares in one day is entirely
    possible.

    Cisco set a record 40m shares traded just last week, so 2m isn't
    *that* unusual.  It is about 5x normal volume for DEC, but that's
    to be expected with the ESPP sales.  kb

    I just tried to sell my stock through VTX and get the message 'that
    information is not available' when I choose the sell stock form.
    
    Is this an indiocation the system is overloaded, or has IS suspended
    selling our stock?

        Q:  How do I sell for June 1st, 1994?
    
        A:  Access the Sell Form, fill in ALL for # Shares to Sell, 01-Jun-1994
            for the Purchase Date, and E for the Plan Type.  (Valid pre-selling
            dates for June 1st are May 1 - May 31th, 12:00 noon Eastern US
            Time.)

    re:-.1
    
    Those dates are for PRE-selling.  You can sell your stock anytime.  I
    think there's a problem with some VTX "pieces" and it seems to be
    pretty intermittent....
    
    re:-.2
    
    Keep trying.............
    
    Toodles.....JP

    The news report was that Standard and Poor's was considering
    downgrading DEC's credit rating.  Considering that the last I
    heard was that we were 1 step above junk bonds, I'd guess we're
    headed into the cellar.
    
    ed

    Earnings prospects of computer stocks in general were taking a beating
    on WS yesterday because of renewed price reductions from Compac.  Chip
    stocks were higher based upon steadily increasing demand.  Sounds like
    reasonable explanation to me!
     

    Seems that there's some good news about Digital today. In addition to
    the two following stories, there was a one liner about our stock being
    halted for a while today, as they were more buyers than sellers. :-)
    
    Subj:	RESEARCH ALERT - Morgan Stanley raises DEC <DEC.N>
    Date:	95-10-13 11:31:18 EDT
    From:	[email protected]
    
        -- Morgan Stanley analyst Steven Milunovich said he raised
    his recommendation on Digital Equipment Corp to outperform from
    neutral.
              -- Milunovich cited DEC embracing Microsoft Corp's <MSFT.O>
    Windows NT operating systems, DEC's emphasis on 64-bit
    computing and increased server sales that could increase the
    company's gross margins, the key to getting earnings higher.
              -- He declined to comment on current market speculation
    about DEC being perceived as a possible takeover candidate.
              -- The analyst has a 12-month target price of 60 a share.
              -- Shares gained 2-1/2 to 48-5/8.
    
    Subj:	RESEARCH ALERT - Digital <DEC.N> raised to buy
    Date:	95-10-13 13:40:11 EDT
    From:	[email protected]
    
        -- Prudential Securities analyst Laura Conigliaro said she
    raised her rating on Digital Equipment Corp to buy from hold on
    improving news from the company and its markets about DEC's
    Alpha servers and personal computers.
              -- She declined to comment on current market speculation
    about DEC being perceived as a possible takeover candidate.
              -- On the rating change she said there has been
    "increasingly positive news on Digital that we have been
    picking over last weeks in contrast to kind of news we were
    hearing around June when we lowered our rating."
              -- She added, "The good news centers around Alpha Servers,
    and PCs to a lesser extent. There are pockets of critical mass
    of demand. Surveys are positive and trade journals are more
    positive, and Alpha server growth is stronger than originally
    expected.
              -- Conigliaro said her six to 12 month target for the stock
    is 55.
              -- Shares gained 2-1/4 to 48-3/4.
    
    =========================================================================
    Here are our trading statistics so far today:
    
    Price:	48 3/4 at 13:48
    Change:	Up 2 5/8
    Today's High:	48 7/8
    Today's Low:	48 1/8
    Today's Open:	48 1/2
    Yesterday's Close:	46 1/8
    Volume:	2,979,600
    52-Week High:	49 1/2
    52-Week Low:	28 1/4
    P/E Ratio:	609.3
    
    Harry
    

>              -- Milunovich cited DEC embracing Microsoft Corp's <MSFT.O>
>    Windows NT operating systems, DEC's emphasis on 64-bit
>    computing and increased server sales that could increase the
>    company's gross margins, the key to getting earnings higher.

He is a really sharp guy, too bad he was out of the country for last few
months (years?)!

- Vikas

re Note 3129.12 by HSOSS1::HARDMAN:

>               -- He declined to comment on current market speculation
>     about DEC being perceived as a possible takeover candidate.

        OK -- which AT&T is the rumor about now? :-}

> Stock is up to 51 5/8.  Who is buying DEC?

  Maybe Digital is.

                                   Atlant

Its over 52 now. Somethings going on ?

Alan

    
    
    I heard one yestiday........

    Are we just following an upward hi-tech trend this week? (Hint: yes, at
    least in part. But far be it from me to prevent any rumours)

    re: last few
    
    Somebody recently upgraded our stock to a buy (I don't remember who)

See .12

			Steve

    Microsoft stock is on the up-surge this week..... It went from about 83 or
    something to something around 100 (not sure of the exact numbers). This
    was based on their Q1 results (up 62% on last year). 
    Maybe with our Q1 results next week, and our new alliance with
    Microsoft they are expecting the same thing??
    
    Cheers, Chris
    

    VTX says the ESPP price for 6/1/95 is 27.750.  Is that correct?  I
    would think something in the range of 36 to 38 would be about right.
    
    Any ideas????

Probably. 85% of the lower of 11/30/94 (I think) and 6/1/95, or
something like that.

  From VTX IS:

                     PURCHASE   FMV         FMV      PURCHASE
  PAYMENT PERIOD      DATE      BEGINNING   ENDING   PRICE

  12/1/94-05/31/95    06/1/95     32.38     44.312      27.75

    The average price on Jun 1st was ~45� (in fact, if you pre-sold, yuou
    got $45.51/share).

     1-Jun-1995   $45.625*.85= 38.78125   
    
     That's approx what we'll end up paying... unless stock drops to below
    45.625.
    

    Rounds up to the nearest quarter point, so the purchase price for this
    period is $39/sh.
    
    	Steve